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MasterCard, Visa plan group focused on security

By Marcy Gordon
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WASHINGTON (AP) — Visa and MasterCard want banks and retailers to work together on securing customer data and stop blaming each other after a massive data breach during the holiday season.

The two payment networks announced Friday that they are bringing together large and small banks, credit unions, retailers, makers of card processing equipment and industry trade groups in a group that aims to strengthen the U.S. payment system for credit and debit cards.

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